StacksVerified U.S. regulatory reference

30 CFR §553.31

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
  1. (a)Each bonding company that issues a surety bond that you submit to BOEM as OSFR evidence must:
    1. (1)Be licensed to do business in the State in which the surety bond is executed;
    2. (2)Be certified by the U.S. Treasury Department as an acceptable surety for Federal obligations and listed in the current Treasury Circular No. 570;
    3. (3)Provide the surety bond on Form BOEM-1020; and
    4. (4)Be in compliance with applicable statutes regulating surety company participation in insurance-type risks.
  2. (b)A surety bond that you submit as OSFR evidence must include all the information required by § 553.41.